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Opportunities In Venturing Into Surgical Hand Gloves Business

A surgical (surgeon's) glove is composed of natural or synthetic rubber and is used to protect a surgical wound from infection by operating room personnel. Surgical gloves are constructed to higher standards and feature more exact sizing (numbered sizing, often ranging from size 5.5 to size 9). They are unique to each hand. Non-latex surgical gloves have not yet completely replaced latex gloves in surgical procedures, as non-latex gloves lack the fine control and increased sensitivity to touch that latex surgical gloves provide. Non-latex gloves of higher quality (such as nitrile gloves) are also twice as expensive as latex gloves. In cost-constrained situations, such as many hospitals, moving to these alternative materials has been difficult. Medical cleanroom facilities, where the necessity for cleanliness is typically identical to that of a sensitive medical setting, also use powder-free medical gloves. In electronics cleanrooms, similar but specially tested gloves are utilised. Surgical gloves serve as a protective barrier for surgeons and nurses, preventing the transfer of diseases or germs during procedures and when working with surgical tools. The Food and Drug Administration (FDA) in the United States regulates surgical glove standards in a similar way. The FDA, on the other hand, mandates surgical glove makers to achieve greater quality criteria. All surgical gloves are sterilised before being packaged in pairs for single use. Because surgical procedures frequently involve open wound operations, surgical gloves must be sterilised. The following are some of the characteristics of hand gloves: • Chemical Resistance • Barrier Protection • Form, Feel, and Convenience • Superior Stability and Longevity Because of the enormous industrialization and urbanisation that is now taking place in our country, the need for rubber gloves is rapidly expanding. Rubber gloves are worn by workers in the chemical, electrical, and food processing industries. Similarly, the usage of gloves for home tasks such as handling detergents, floor polishes, pesticides, and other chemicals is on the rise, especially in the United States. The medical glove market in India is still developing. While the global market is growing at a two percent compound annual growth rate (CAGR), the Indian market is developing at a seven percent CAGR. With a new hospital or nursing home opening every day in India, demand for medical gloves is projected to rise. Medical tourism is also propelling this product category forward in our country. In India, the market for medical gloves alone is worth Rs 300 crore. As a result of all of this, there is a significant chance of starting a small-scale rubber glove manufacturing business. The surgical glove market in India is developing at a rate of 15% per year. Thus, due to demand it is best to invest in this project. Few Indian major players 1. Accent Industries Ltd. 2. Acknit Industries Ltd. 3. Asian Latex Ltd. 4. Casil Health Products Ltd. 5. Casil Health Products Ltd. 6. J K Ansell Pvt. Ltd.
Plant capacity: 40,000 Pairs per dayPlant & machinery: 239 Lakhs
Working capital: -T.C.I: Cost of Project: 816 Lakhs
Return: 29.00%Break even: 45.00%
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  • T.C.I is Total Capital Investment
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